Best Stocks Under ₹10 in September 2024 Based on 5Y CAGR

Investing in the stock market doesn’t always require a hefty budget. For those looking to grow their portfolios without making a significant initial investment, stocks priced under ₹10 can offer an appealing opportunity. While these stocks come with their own set of risks and rewards, they also provide opportunities for savvy investors. In this blog, we’ll explore some stocks under ₹10 in September 2024.

Best Stocks Under ₹10 Based on 5Y CAGR

Note: The list of Stocks Under ₹10 have been sorted based on 5Y CAGR and as of September 16, 2024

Overview of Best Stocks Under ₹10

• Global Capital Markets Ltd: Global Capital Markets Ltd is a registered NBFC and is engaged in the business of finance and investments. Besides providing loans, the Co. also does Investing and Trading Activities in both the Equity and F&O segments in the Indian Capital Market. Total revenue for FY24 stood at ₹ 119.94 lakh against  ₹ 1,948.51 lakh in FY23. In terms of Profit/(Loss) before taxation, the C\company has earned a profit/(loss) of ₹ 0.14 lakh in comparison to last year’s profit of ₹ (9.74) lakh. 

Key Metrics:

• Return on Equity (ROE): 0.02%
• Return on Capital Employed (ROCE): 0.02%

• Remedium Lifecare Ltd: Remedium Lifecare Ltd. was founded in 1988 and is engaged in the trading of pharmaceutical products, including Advanced Pharmaceutical Intermediates. The company recently entered into a strategic agreement with Angel Partners, Ltd., UK, effective July 29, 2024, to acquire technology for manufacturing lithium carbonate in India. In addition, it signed an annual Supply Agreement with Alfa Chemicals and Solvents Ltd., Turkey.

Key Metrics:

• Return on Equity (ROE): 123%
• Return on Capital Employed (ROCE): 99.5%

• Prakash Steelage Ltd: Incorporated in 1996, Prakash Steelage Ltd manufactures and exports stainless Steel tubes & pipes. On the operational front, the company, on a standalone basis, has recorded a net revenue of ₹9,657.20 Lakhs compared to ₹8,573.75 Lakhs in the previous year. The company has gained a net profit after tax ₹414.61 Lakhs as compared to the previous year’s net profit after tax of ₹16,350.41 Lakhs.  

• Standard Capital Markets Ltd: Incorporated in 1987, Standard Capital Markets Ltd. is involved in Non-banking Financial activities. Standard Capital Markets Limited has joined hands with Paisalo Digital Limited, a pioneering financial services company dedicated to enhancing financial inclusion in rural India. This impressive growth can be attributed to the successful implementation of strategic initiatives and an enhanced market presence.  

Key Metrics:

• ROE: 6.88%
• ROCE: 8.18%

• Smiths & Founders (India) Ltd: Incorporated in 1990, Smiths & Founders (India) Ltd manufactures Small, Precision and Intricate Steel Forgings. During FY24, the company’s sales registered an increase of 11.47 % compared to previous year. The profit has increased due to increase in turnover and decrease in finance and administrative costs. 

Key Metrics:

• ROE: 3.39%
• ROCE: 4.25%

Conclusion

Stocks priced under ₹10 in India can be appealing for investors looking to maximise returns on a budget. However, these investments come with higher volatility and risk. Conduct thorough research, monitor industry trends, and maintain a diversified portfolio to effectively manage risks and capitalise on potential opportunities.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.